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Thank you, this is very helpful! Can I ask you advice on what would in general be better investment to rent out in Switzerland on a 500000 CHF budget: an old house (assuming that budget is too low for a nice newer house) or a nice apartment? Have you noticed any differences; what tends to have higher rental returns, if any?
Mmmh well I didn't study the market that much, and also I'm not an expert and I can't give advice... what I know it's that not many people rent a house, and renovating in Switzerland can get really expensive real quick (since labor costs a lot).
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Hello, unfortunately I am not qualified to give advice on how to move to Switzerland, maybe you could ask for help to the immigration office of Switzerland, or to the Swiss Embassy in your country of residence 🙂 Wish you all the luck.
@@divityfinance nah don't worry have changed my mind, heard Switzerland are dead racist, life as a black person is hell there, ain't going to such place
@@lippycomedy4363 I wouldn't say Switzerland is racist, many cultures co-exist (especially in bigger cities) since also Switzerland in itself is built with 3 main different cultures (Italian, German, and French), but I'm sorry you had a bad experience in Switzerland... I hope you will find a country that better suits your standards 🙂I used to live in London, and there you have more diversified cultures for sure.
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Great informative video! Out of curiosity, since this may be a cultural practice to some extend, are properties generally listed close to their fair market value in Switzerland? I'd like to know for the purpose of how to proceed when making an offer. I know in Italy it's not uncommon to significantly overvalue properties, which then results in lower offers. I just don't want to offend anyone.
Hello, mmmh the real answer is that I don't know! So, I've been involved in the purchase of 2 apartments, for the first one we managed to get some of the notary fees paid by the seller (consider it a 10k discount), and on the second one we asked for a discount but they couldn't give it to us. So, from these experiences and from my experience having worked a little bit in the construction industry (civil draftman), I can tell you that more or less the price you see on the advertisement is the market price... you can negotiate a bit, but there is not a lot of margin. Now this I would say is for apartments and those which are sold by the person who built the apartment building. Normally you will find someone who has built an apartment building, puts almost all of them to rent, but to get some of the costs for construction back, sells some of the apartment. Those I would say are fairly priced. As a consequence other apartments that are sold my private people that maybe own only one, are also sold at a fair price since they wouldn't compete with the first ones. As far as houses go, I have no idea... also because houses can have very wide prices, and I don't know of all of them have a market price... and also I don't know what happens in other Cantons. I can tell you tough that there are some websites that tell you the average price per meter squared in a specific suburb or city in Switzerland, I would say that's a good benchmark 😀
Mmmh... no special right I would say. Usually on the contracts it is written the terms and conditions to ask a tenant to leave (for example with a 3 months notice). If your contract is annual, and the owner decides to sell, I'm guessing the contract does not carry forward with the new owner because the contract is between you and the old owner (but this is just my guess). Usually when someone wants to sell, they will give you prior notice to leave the apartment or house, as per the terms written in the contract.
00:02 The school system in Switzerland is complex. 02:11 The school system in Switzerland includes preschool, elementary school, and middle school. 04:10 The school system in Switzerland offers three main types of schools: high school, business school, and technical schools. 06:11 The school system in Switzerland has different paths like high school, professional level business school, and technical schools. 08:09 Switzerland's education system offers academic and practical paths for students. 10:14 In the Swiss school system, high school has a threshold and there are different paths after business school. 12:08 In Switzerland, there are different types of schools, including high school, business school, and technical schools. 14:04 In Switzerland, you can choose between professional or academic universities after high school. 16:00 Consider technical schools for early employment and financial stability. 17:53 Switzerland offers technical schools for specific professions 19:37 You can switch from a professional university to an academic university after completing your bachelor's at a professional university. 21:24 The school system in Switzerland allows for switching between different paths and careers. Crafted by Merlin AI. I found this very helpful!
hi great video. But I have questions could you pls pls answer......... is it really true that we do not have to pay the Debt? only 33% we need to pay ?? but why ?? can you give more insight please
Some say the price is decided of "what the customer wants to pay". Well this is not really the case, or just a part of it. The price in a relatively free capitalist country the price is decided by the production cost, the cost price, plus whatever the seller decides to sell it for. Sometimes the seller decide to sell with a loss.
I am interested in countries excelling in the freedom indexes, and Switzerland is currently at the top of the list. I have an ETF that invests in emerging markets like Twain, Chile, Singapore, Mexico, etc, but why not top it off with a small portion into Switzerland? I just hope Klaus Schwab doesn't get anymore more of a foothold!
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Hi - thanks for taking the time do run through the whole process, very informative. You mentioned earlier in the video that the bank will need to see a certificate of a second pillar pension. Is this necessary for the mortgage approval, or is this only necessary if you are going to use your second pillar funds to finance the purchase?
No I don't think it's necessary, but it's part of the documentation that the bank requires to make a decision on whether or not you can afford the mortgage. If you don't provide it (or don't have it) I guess they will pretend you don't have that financial instrument and probably categorize you as a bit less able to pay your debt, but no it should not stop you from having a mortgage.
Hi, I was wondering if you would be able to do some videos on salary and cost of living in different cities around Italy and Switzerland. For people who need to know how much they would need as income to live comfortably with a family in these areas. Thank you for your informative content.
Thank you for the suggestions! I'll certainly think about it! For a rough estimate anyways, in Switzerland you will need around 4000 francs a month salary to live comfortably alone, or about 6000 francs in two to live comfortably with a baby or two (especially if you want a baby sitter). But these are just very rough numbers, officially the federal minimum salary to live in Switzerland is a bit more than 2000 francs per person. I'll probably make a video about it 😁
try not to use small next time so much because relative to its population swiss economy is ranked better than turkey,egypt and indonesias economies combined :D
No one seems to know about this bizarre law that can be devastating to a home buyer in Switzerland. Here is our story. In the purchase agreement, the buyer and seller agreed that the seller would pay the tax on her profit. However, the Notary did not make us, the buyer, aware that, if the Kanton can’t collect the tax from the seller, the BUYER has to pay this tax on the seller’s profit. Yes, your read that right: the buyer can be forced to pay tax on the profit of the seller! In our case, the Kanton Solothurn is unable to collect 35,000 CHF from the seller. So, the Kanton has put a lien on OUR house and is demanding payment from us with interest and under the threat of taking our house. (According to Art. 818 ZGB Schweizerisches Zivilgesetzbuch mom 10. December 1907; SR 210) Lesson: When you buy real property, make sure the purchase agreement includes the withholding for this tax (Grundstückgewinnsteuer). Especially in the German-speaking Kantons, few have an automatic withholding procedure in place.
There is 10.76 feet in a square meter. So, for example 10.76/$2000= $185.67 per foot. That’s a similar price to Portland, Oregon or Seattle, Washington, U.S.
Thanks. I wondering why most people say attending University it’s so hard and it’s for “ Elite “? How many Punkt its need too attend University? Appreciate your reply. Thanks.
As an American tourist interested to purchase a property in Switzerland could I get those very low interest rate ask mortgage or it needed to be cash? Also what are property tax ? In US we must pay annually roughly around 1% ( California).
Thank you for the advice :-) I have to say that it is hard to express some concepts and to find the right midpoint between an over-explanation and an over-simplification... but thank you for advice, I'll try to be more concise and precise the next time ;-)
I would be happy to have 40000 at the age of 15, I’m 24 years old now, and my savings are about the same (I’m not from Switzerland though) 😅 Thanks for the video
